AiHuiShou’s Q2 Revenue Rises 56%, Fueled by Growing Electronics Recycling Network
Company releases first ESG report alongside its maiden earnings, aiming to spotlight its role in achieving China’s carbon-reduction goals Key points: AiHuiShou posts 56% revenue growth in its latest reporting…
A Chinese EV giant’s financing reckoning, and a stockbroker’s commodities pivot
China's central bank is shutting down an IOU system used by BYD to pay its suppliers. Why is it taking this step? And revenue for a stock broker called GoFintech has soared more than 40-fold after it entered the commodities trading business. How should investors look at such a move?
INDUSTRY BRIEF: Polysilicon makers launch new joint venture to tackle oversupply
Several leading Chinese polysilicon makers have launched a new company that could help to address overcapacity plaguing the sector, Caixin reported on Wednesday. The move marks the latest step in…
New quack at life? Zhou Hei Ya seeks flight back to relevance
The chain offering snacks made from braised duck necks has opened its first store in Southeast Asia as it concurrently aims to revive its flagging China operation Key Takeaways: Zhou…
BRIEF: Sunny Optical’s vehicle lens shipments soar in November
Optical products manufacturer Sunny Optical Technology (Group) Co. Ltd. (2382.HK) reportedon Wednesday that it shipped 119 million handset lenses in November, down 2.3% month-on-month but up 7.5% year-on-year. The company’s vehicle lens…
BRIEF: Autonomous truck maker Cidi launches $180 million IPO
Autonomous mining truck producer Cidi Inc. (3881.HK), launched its Hong Kong IPO on Thursday, offering 5.41 million shares priced at HK$263 apiece to raise about HK$1.42 billion ($179 million). Shares…
3SBio gears up for drugs battle with $400 million equity move
After grabbing the spotlight this year with a big licensing deal, the Chinese drug developer is now raising extra funds for R&D and shedding a non-core subsidiary Key takeaways: 3SBio…
BRIEF: Hello Group forecasts another year of revenue decline for 2025
Online dating app operator Hello Group Inc. (MOMO.US), sometimes called the “Tinder of China,” reported on Wednesday that its revenue fell slightly in the third quarter, as strong gains in…
